AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medicinal and/or adult use cannabis. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. AFC Gamma, Inc. has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. The company was incorporated in 2020 and is based in West Palm Beach, Florida.
AFC Gamma Dividend Announcement
• AFC Gamma announced a quarterly dividend of $0.33 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-30
• AFC Gamma annual dividend for 2024 was $1.44
• AFC Gamma annual dividend for 2023 was $2.00
• AFC Gamma's trailing twelve-month (TTM) dividend yield is 17.73%
• AFC Gamma's payout ratio for the trailing twelve months (TTM) is 259.46%
AFC Gamma Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.33 | quarterly | 2024-10-15 |
2024-07-08 | $0.15 | quarterly | 2024-07-15 |
2024-06-24 | $0.48 | quarterly | 2024-07-15 |
2024-03-27 | $0.48 | quarterly | 2024-04-15 |
2023-12-28 | $0.48 | quarterly | 2024-01-12 |
2023-09-28 | $0.48 | quarterly | 2023-10-13 |
2023-06-29 | $0.48 | quarterly | 2023-07-14 |
2023-03-30 | $0.56 | quarterly | 2023-04-14 |
2022-12-29 | $0.56 | quarterly | 2023-01-13 |
2022-09-29 | $0.56 | quarterly | 2022-10-14 |
2022-06-29 | $0.56 | quarterly | 2022-07-15 |
2022-03-30 | $0.55 | quarterly | 2022-04-15 |
2021-12-30 | $0.50 | quarterly | 2022-01-14 |
2021-09-29 | $0.38 | quarterly | 2021-10-15 |
2021-06-14 | $0.38 | quarterly | 2021-06-30 |
AFC Gamma Dividend per year
AFC Gamma Dividend growth
AFC Gamma Dividend Yield
AFC Gamma current trailing twelve-month (TTM) dividend yield is 17.73%. Interested in purchasing AFC Gamma stock? Use our calculator to estimate your expected dividend yield:
AFC Gamma Financial Ratios
AFC Gamma Dividend FAQ
Other factors to consider when evaluating AFC Gamma as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: AFC Gamma's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, AFC Gamma publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, AFC Gamma distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from AFC Gamma are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: AFC Gamma sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, AFC Gamma distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: AFC Gamma declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of AFC Gamma's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review AFC Gamma's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.